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Stock impact report

CPI Card Group Inc. Reports Third Quarter 2024 Results

CPI Card Group Inc. (PMTS) 
Last cpi card group inc. earnings: 11/6 08:15 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cpicardgroup.com
Company Research Source: Business Wire
Net Sales Increased 18% to $125 Million and Full Year Sales Outlook IncreasedGrowth Across Portfolio, Led by Strong Sales of Debit and Credit CardsNet Income Decreased 66% to $1 Million, Impacted by Debt Refinancing Costs; Adjusted EBITDA Increased 18% to $25 MillionFull Year Adjusted EBITDA and Free Cash Flow Outlooks Increased LITTLETON, Colo.--(BUSINESS WIRE)--CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payments technology company providing a comprehensive range of payment card and digital solutions, including Software-as-a-Service-based instant issuance, today reported financial results for the third quarter ended September 30, 2024 and updated its financial outlook for 2024.Third quarter net sales increased 18% to $124.8 million compared to the prior year period, with strong growth in both the Debit and Credit and Prepaid segments. Net income decreased 66% to $1.3 million, reflecting the impact of $8.8 million of pre-tax debt refinancing costs, and Adjusted Show less Read more
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